19,196 Shares in The Boeing Company (NYSE:BA) Bought by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in shares of The Boeing Company (NYSE:BA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 19,196 shares of the aircraft producer’s stock, valued at approximately $5,004,000. Boeing makes up about 1.2% of Stevens Capital Management LP’s investment portfolio, making the stock its 12th largest position.

Other institutional investors have also added to or reduced their stakes in the company. CNB Bank increased its holdings in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares during the last quarter. Park Place Capital Corp increased its holdings in shares of Boeing by 185.1% in the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 137 shares during the last quarter. Lowe Wealth Advisors LLC acquired a new position in shares of Boeing in the third quarter valued at $43,000. Naples Money Management LLC acquired a new position in shares of Boeing in the fourth quarter valued at $44,000. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of Boeing by 66.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after purchasing an additional 94 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BA shares. Susquehanna decreased their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. Morgan Stanley decreased their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Tuesday, March 26th. Melius Research restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $222.41.

Boeing Stock Performance

BA traded up $0.41 during mid-day trading on Friday, reaching $167.22. 7,197,059 shares of the stock were exchanged, compared to its average volume of 9,757,903. The stock has a market capitalization of $102.03 billion, a PE ratio of -46.83, a price-to-earnings-growth ratio of 130.13 and a beta of 1.52. The company has a 50 day moving average price of $187.26 and a two-hundred day moving average price of $206.61. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. Boeing’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted ($1.75) earnings per share. Sell-side analysts expect that The Boeing Company will post 0.32 EPS for the current fiscal year.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.